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Short for Secret News Weapon. This is one of Felix's premium services.

This software package has an incredibly fast connection to news releases as they come out and can be configured to automatically place trades on one or more broker platforms based on the results of the news release.

Many people ask which is the best broker for using the Weapon. If possible, use an ECN broker that doesn't widen spreads too much. Otherwise, it's best to work with a small group of people and experiment. If hundreds of people place successful Secret News Weapon trades at the same time against the same non-ECN broker, that broker will find ways to keep people from making a profit with the Weapon.

Some brokers will cancel trades placed using the Weapon. Others widen spreads so much that it is almost impossible to make any profit except on huge spikes. Others will block trading for a few minutes around newstime.

Articles in Forex Traders Glossary
There are 86 articles in Forex Traders Glossary.
A After spike Aussie B Base Currency Basis Points bow Bucket Shop Buy Limit Buy Stop C Cable Candles Churning Conflicting Releases Consolidation CPI Currency Codes Table D Deviation Dovish E EA ECB Elliott Wave EMA Expectation/Expected F Fed Fiber Fibonacci Numbers Fibonacci Ratios Fibonacci Retracements Fibonacci Timeframes FOMC Forty-two	G GDP GU GY H Hawkish I Islamic Account K Kiwi L Liquidity Loonie Lot Size M m/m Market Maker Market Order Microlot Minilot Moving Average MT4 N Nanolot NFP No Riba Account O OHLC P Pending Order Ponzi Scheme PPI Pre-release Profit Target Pulling the trigger Q q/q	Q (cont.) Quote Currency R Requote Retrace Revision S Scalping Sell Limit Sell Stop Slippage SMA SNW Spike Standard Lot Sterling Stop hunting Stop loss Stopped out Stops Straddle Swap Free Account Swap Rates swing high swing low Swissy T Take Profit Trading Platform Trailing Stop Trigger Y y/y Yard

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